Do Surging Public Debt Levels Bring Higher (or Lower) Bond Yields?
With public debt spiraling higher in many countries, the implications of rising debt burdens are of critical importance for fixed-income investors.
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Source of data (unless otherwise noted): PGIM Fixed Income.
Note: Staffing and client information as of March 31, 2021. Assets under management (AUM) as of March 31, 2021 and are based on company estimates and are subject to change. PGIM Fixed Income’s AUM includes the following businesses: (i) the PGIM Fixed income unit within PGIM, Inc, located in the USA; (ii) the public fixed income unit within PGIM Limited, located in London; (iii) PGIM Netherlands B.V. located in Amsterdam; (iv) locally managed assets of PGIM Japan Co., Ltd. (“PGIM Japan”), located in Tokyo; and (v) the public fixed income unit within PGIM (Singapore) Pte. Ltd., located in Singapore.